M&A Deal Summary

Integer Acquires Lake Region Medical

On August 27, 2015, Integer acquired medical products company Lake Region Medical from KKR and Bain Capital Private Equity for 1.7B USD

Acquisition Highlights
  • This is Integer’s 6th transaction in the Medical Products sector.
  • This is Integer’s largest (disclosed) transaction.
  • This is Integer’s 7th transaction in the United States.
  • This is Integer’s 4th transaction in Minnesota.

M&A Deal Summary
Date 2015-08-27
Target Lake Region Medical
Sector Medical Products
Buyer(s) Integer
Sellers(s) KKR
Bain Capital Private Equity
Deal Type Add-on Acquisition
Deal Value 1.7B USD
Advisor(s) Simpson Thacher & Bartlett (Legal)

Target

Lake Region Medical

Chaska, Minnesota, United States
Lake Region Medical, Inc. is a developer and manufacture of OEM devices, supplying the world’s largest medical device companies with minimally invasive delivery solutions.

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Buyer(S) 1

Buyer

Integer

Plano, Texas, United States
Category Company
Founded 1970
Sector Medical Products
Employees10,500
Revenue 1.6B USD (2023)
DESCRIPTION

Integer is a medical device outsource (MDO) manufacturers in the world serving the cardiac, neuromodulation, orthopedics, vascular, advanced surgical and power solutions markets. Integer was founded in 1970 and is based in Plano, Texas.

DEAL STATS #
Overall 8 of 13
Sector (Medical Products) 6 of 11
Type (Add-on Acquisition) 8 of 13
State (Minnesota) 4 of 4
Country (United States) 7 of 10
Year (2015) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-12 CCC Medical Devices

Montevideo, Uruguay

Centro de Construcción de Cardioestimuladores del Uruguay (CCC) is a development and manufacturing of complete real-time medical systems, including active implantable medical devices such as neuro & cardiac stimulators, programmer systems, battery chargers, patient wands and leads.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Integer Holdings - Advanced Surgical & Orthopedics Business

Frisco, Texas, United States

Integer Holdings Corp. - Advanced Surgical and Orthopedics Business manufactures cardiac, neuromodulation, orthopedics, vascular, advanced surgical and power solutions markets.

Sell $600M

Seller(S) 2

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 71 of 194
Sector (Medical Products) 2 of 4
Type (Add-on Acquisition) 25 of 66
State (Minnesota) 2 of 4
Country (United States) 38 of 88
Year (2015) 8 of 14
Size (of disclosed) 21 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 SoftwareONE

Stans, Switzerland

SoftwareONE is a provider of Software Portfolio Management (SPM) including software licensing, software asset management, technology consulting and cloud services to more than 12,000 corporate customers in 115 countries. SoftwareONE was formed in 1985 and is based in Stans, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-17 Samson Investment

Tulsa, Oklahoma, United States

Samson Investment Company is a privately-held independent exploration and production company.

Sell -
SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 72 of 147
Sector (Medical Products) 2 of 3
Type (Add-on Acquisition) 18 of 40
State (Minnesota) 2 of 2
Country (United States) 48 of 85
Year (2015) 7 of 12
Size (of disclosed) 15 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-24 QuVa Pharma

Sugar Land, Texas, United States

QuVa Pharma is a national platform for providing compounded sterile injectable pharmaceuticals in ready-to-use unit dose forms and other related services to hospitals and long-term care facilities nationwide. QuVa Pharma was founded in 2015 and is based in Sugar Land, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-02 Sundial Brands

Amityville, New York, United States

Sundial Brands LLC is a skin care and hair care manufacturer, making quality products possible with natural, certified organic and ethically-sourced ingredients. Sundial Brands LLC was established in 1992 and is based in Amityville, New York.

Buy -
Mergr

Product

Company

Legal